Student tax scam warning
HMRC is warning new students starting university that they could be targeted by scammers trying to steal their money and personal details. As new students start the academic year, they can be particularly vulnerable to tax scams. This is especially prevalent if they have a part-time job and are new to interacting with HMRC. This year, there is a significant increase in the numbers of students attending university and means that more young people may choose to take on part-time work.
Many tax ... read more
New timetable for import controls
There are special procedures for importing goods into the UK. Following the end of the Brexit transition period on 31 December 2020, the process for importing goods from the EU effectively mirrors the process for all other international destinations.
On 14 September 2021, a revised timetable for the introduction of full import controls was published by government.
A number of easements had been put in place to help ensure a smooth transition for goods coming from the EU. This included a delay ... read more
Government announces winter COVID plan
The Prime Minister, Boris Johnson has set out the government’s autumn and winter plan for managing Covid.
The government is aiming to sustain the progress made and prepare the country for future challenges, while ensuring the National Health Service (NHS) does not come under unsustainable pressure.
The government plans to achieve this by:
Building our defences through pharmaceutical interventions: vaccines, antivirals and disease modifying therapeutics.
Identifying and isolating positive ... read more
SEISS claims deadline in a few days
The final deadline for making a claim under the 5th Self-Employment Income Support Scheme (SEISS) is 30 September 2021. The SEIS scheme is only open to those self-employed with annual profits of less than £50,000 and who receive at least half their income from self-employment.
Self-employed persons whose turnover has fallen by more than 30% will qualify for an 80% grant, capped at £7,500. Those with decreases in turnover of less than 30% are restricted to a 30% claim, capped at £2,850. When ... read more
VAT register inactivity
HMRC’s published guidance titled ‘Check genuine HMRC contact that uses more than one communication method’ has been updated. The list is intended to help taxpayers check if recent contacts purporting to be from HMRC are actually a scam.
The guidance contains a list of emails, phone calls, letters and text messages recently issued by HMRC that are genuine. The list can be useful to help taxpayers decide if a contact is genuine or from a fraudster trying to trick taxpayers into supplying ... read more
Want to complain about HMRC?
Taxpayers may find themselves in a position where they need to make a complaint about HMRC’s service. Complaints can relate to many different issues such as unreasonable delays, mistakes and poor treatment by HMRC’s staff. Note, there is a separate procedure to be followed by taxpayers that disagree with a decision of HMRC or that wish to complain about serious misconduct by HMRC staff.
Taxpayers that wish to make a complaint should in the first instance write or speak to the person or office ... read more
Outdoor measures to be made permanent
Temporary measures that have given a huge boost to high streets and hospitality during the pandemic could be made permanent following a public consultation launched in September 2021.
From marquees being put up in pub grounds, to street markets operating all year round, permitted development rights that have allowed people to enjoy al fresco dining and visit town centres and tourist attractions as the nation reopened from the pandemic.
These planning reforms also gave businesses and councils a ... read more
Budget date announced
The Chancellor of the Exchequer, Rishi Sunak has confirmed that the next UK Budget will take place on Wednesday, 27 October 2021. This will be the Chancellor’s third Budget and the first one to revert back to the Autumn Budget schedule that was interrupted first by Brexit related issues and then by the coronavirus pandemic. It means that this year, 2021, will see 2 Budget’s the first that took place in March and the second that has been scheduled for October.
Details of all the Budget ... read more
Pension triple-lock abandoned for one year
The government has confirmed that its triple-lock guarantee on pensions is to be abandoned for one year. The guarantee was first introduced in 2010 and has remained in place until now. This guarantee has seen the full yearly State Pension increase by over £2,050 in this period.
The triple-lock is the mechanism used to calculate increases to the state pension each year. Under the triple-lock guarantees the basic state pension rises by whichever is the highest out of average earnings growth, ... read more
Capped social care costs from October 2023
The government has announced new plans to cap social care costs in England from October 2023. This change is expected to see the introduction of a new £86,000 cap on care costs across an individual’s lifetime.
There will also be the following measures of financial assistance for those without substantial assets:
Anyone with less than £20,000 of assets will not have to pay anything towards their care from their savings or the value of their home.
People with between £20,000 and £100,000 of ... read more